IMF Take on India Growth: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that India’s high growth rate is not only good news for the country but also for the world. He said that this is in line with the recent world economy scenario.
IMF had expressed hope of fast economic growth of India
The IMF had on Tuesday projected India’s economic growth rate to be 8.2 percent in 2022. With this estimate, India will be the fastest growing large economy country in the world. India’s growth rate will be almost double compared to China’s growth of 4.4 percent. In the annual World Economic Outlook report released here, the Monetary Fund had said that the global growth rate is estimated to be 3.6 percent in the current year. This is much less than the 6.1 per cent in 2021.
IMF chief Kristalina Georgieva praises India
“India is one of those economies that are growing at a high rate,” Georgieva said at a press conference on the sidelines of the annual spring meetings of the IMF and the World Bank. The growth rate for this year has been estimated at 8.2 per cent, which is definitely less than last year but it is good for India and positive for the world as well. In fact, slowing down of growth is creating a big problem for the world.
Georgieva said, “With the International Solar Alliance, India is committed to becoming a leader in renewable energy. Apart from this, the country is also a leader in the field of digital currency.”